International markets roundup
Market watch top headlines
A roundup of trading on major world markets:
NEW YORK - Stocks in the United States took a jump in the last 15 minutes of trade on Friday to end mostly in the black, with little hard news to direct trade as talks in Washington over a fix to the fiscal cliff continued.
After trading lower for most of the session, the Dow Jones Industrial Average finished the day up 3.76 points, or 0.03 per cent, at 13,025.58.
The S&P 500 gained 0.23 points, or 0.02 per cent, to 1,416.18.
The Nasdaq Composite slipped a bare 1.79 points, or 0.06 per cent, to 3,010.24.
The markets continued to brush off political sparring over the cliff talks, with traders seeming to presume that the deep divide between Democrats and Republicans will be overcome before the January 1 deadline for implementation of harsh tax hikes and spending cuts.
LONDON - Europe's main stock markets mostly slid on Friday, with persistent concerns over the US fiscal cliff offsetting the German parliament's approval of the latest instalment of aid for Greece.
London's FTSE 100 index of leading companies slid 0.06 per cent to 5866.82 points and in Paris the CAC 40 dropped 0.33 per cent to 3557.28 points.
In Frankfurt, the DAX 30 managed to eke out a 0.06 per cent gain to 7405.5 points.
In Madrid, the Ibex 35 index fell 0.49 per cent to 7934.6 points with shares in bailed-out Bankia plunging by over 25 per cent amid concerns over its restructuring.
HONG KONG - Asian markets mostly climbed on Friday after data showed the US economy grew more than first expected in the third quarter while traders remain upbeat a deal will be made on averting the fiscal cliff.
The yen eased further against the US dollar and euro on Friday after the Japanese government announced a huge spending spree to kickstart the economy just weeks before a general election.
Tokyo closed 0.48 per cent, or 45.13 points, higher at 9,446.01 but Seoul finished 0.10 per cent, or 1.95 points, lower at 1,932.90, reversing early day gains.
Hong Kong closed 0.49 per cent higher adding 107.50 points to 22,030.39, while Shanghai was up 0.85 per cent, or 16.63 points, at 1,980.12.
WELLINGTON - The NZX 50 index rose 33.31 points, or 0.8 per cent, to 4,050.08 on turnover of $175.2 million.
The historic listing of Fonterra units on the NZX caused mammoth volumes by New Zealand market standards.